In the wake of two bank failures, on Sunday, March 12, the Federal Reserve and the U.S. Treasury announced a bank bailout program that could be dubbed “QE Lite.” While not actually quantitative easing, it will have similar impacts on the financial system and could open the door to bigger bond-buying programs down the road...
Read moreBiden Wants to “Fix” the Meat Industry the Feds Broke to Begin With
Government breaks things. Then it often rides in on a white horse promising to “fix” the very things it broke. In the latest example of government claiming it will solve a problem it created to begin with, President Joe Biden has committed to "fixing" the rising cost of meat. (more…)
Read moreFed Pumping Up Money Supply at Record Speed to Monetize Massive U.S. Debt
The federal government continues to borrow and spend at a staggering rate. On March 1, the national debt pushed above $28 trillion for the first time. This rate of borrowing wouldn't be possible without the Federal Reserve monetizing the debt through quantitative easing. In practice, the central bank buys U.S. Treasuries on the open market,..
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